Work at SmartCity Malta is progressing as planned and will be welcoming its business partners in the third quarter of 2010, the company has said in a statement.

In the meantime, SmartCity Malta has submitted planning applications for office buildings SCM02 and SCM03 and for retail spaces SCM04 and SCM05 to the Malta Environment and Planning Authority.

Work on the buildings, once approved, will see the next stage of development on site. Adjacent to SCM01, the offices and retail spaces are to be located around the main focal point of SmartCity Malta – the lagoon area.

Prior to these latest applications, SmartCity Malta had submitted a planning application for a power distribution centre. Set to be built as part of Phase One also, the centre is to supply sufficient electrical power needed for the SmartCity Malta community.

Design work involved in the completion of Phase One is currently ongoing, the company said, explaining how the whole of Phase One is to consist of office space, residential units, retail outlets set around the scenic lagoon surrounded with lush landscaping and terraces overlooking the sea.